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Pensions and Benefits
TEACHERS' PENSION AND ANNUITY FUND
FEBRUARY 25, 2010
ORDER OF BUSINESS

Notice of this meeting has been provided through the special notice of the Board filed with and
prominently posted in the Office of the Secretary of State. The notice of this special meeting was
mailed to the Secretary of State, Star Ledger and the Trenton Times on February 16, 2010.

DISCLOSURE OF THE OPEN PUBLIC MEETINGS ACT

When necessary, the Board shall adopt Resolution B to go into executive session to request/receive attorney-client advice from the Deputy Attorney General, which states:

In accordance with the provisions of the Open Public Meetings Act, N.J.S.A. 10:4-13, be it resolved that the Board of Trustees go into closed session to discuss matters falling within the attorney client privilege, and/or matters in which litigation is pending or anticipated, pursuant to N.J.S.A. 10:4-12(7).

The minutes of such meeting shall remain confidential until after such time as the Board determines that the need of confidentiality no longer exists and the matters discussed can be disclosed and the Board waives the attorney-client privilege.


OPEN SESSION

Called to Order: 1:01 p.m.

Adjourned: 2:00 p.m.

Roll Call:

Paul Orihel and Susanne Culliton; (James Joyner; Martha Liebman via telecom)


Absent: O’Neil Williams and Dennis Testa

Also Present: DAG Jeff Ignatowitz; Wendy Jamison; Kathleen Coates; Jackie Bussanich; Lisa Pointer; Janice Nelson; John Megariotis; Scott Porter, Milliman, Inc.; Janet Cranna, Buck Consultants; Henry Matwiejewicz; Tim McMullen; Valerie Kazlidan; NJEA; Richard Klockner; Dusty McNichol; Lisa Fleisher, Star Ledger; (Rodney Nichols; Deborah Jacob; Alice Stevens; Rae Roeder; Sandy Coia; Dianna Brown; Dan Anotnellis; Anthony Miskowski, CWA Local 1033)


OPEN SESSION

Miscellaneous Issues

B-1+

Actuary Valuation Report as of July 1, 2009 – Accepted as presented

A motion was made to draft a letter to the Legislature requesting that they not move forward with any pension reform legislation unless or until the short term impact and the long term savings is presented to the Legislature by a report of the System’s actuary – Motion failed to pass; will be resubmitted at March 4, 2010 Board meeting. (VOTE: 3:1; Trustee Culliton abstained)

"+" Indicates personal appearance

The next meeting of the Board will be held on March 4, 2010.

 
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